 Yes, welcome back to why in the morning entrepreneurship Tuesday in particular I go by the name of by Moses or it's very money the social media platform and as I always said as I always say it will be a living in the Information age and so many opportunities have come with living in the information age And today in particular I'd like to address this particular one called forex trading if you're joining us for the first time This is just your chance to make some back Sitted at home and if you're part of the why in the morning family you already know about these guys One goes where the names have and the other one learning cadengue Karimunis on Russia. All right. I think the first question is not about forex trading The white age all over again. No come from the same community come from the same community. It's in village No, no, no, right. Yes. All right The send-off was quite quite a good one and I'm so proud of what Kenyans our Kenyans I did the send-off for this big guy. Do you support that we should name a stadium after the legend himself? I think I think to me a supporter because Those were the days we grew up. We only knew football was associated to him We grew up knowing that until we were told now the cadengue, you know is not the cadengue is playing right now Because I went to school with his son Oscar. And so we were in the same school with those guys So when I used to see Oscar play I used to relate to to the father. So But you guys can introduce yourselves all over again We can start with the mr. Weecliffe your camera is number four. Okay, good. Thank you so much My name is sweetly server and I'm an excited forex trader and it's nice to have you this wonderful morning once again Thank you. All right. Yes Introduction just a brief introduction. Okay, my name is Lenin Cadengue and I'm an excited forex trader Apart from that. Also. I'm a mentor your mentor. Yes. This field this in particular in particular for it and this is a Season one episode two of forex trading on why in the morning? Yes, and previously on forex trading you told us this is not for for the elite That was a message. I left with yes This thing is not for the elite you can learn you can trade and you can make money for yourself And you can empower yourself through this true. All right. So, uh, I like to take you back to previously before we can carry on and the biggest question is always What is the first step and how do I get to be a forex trader? The first step and how would you get to be a forex that one of the key things in every given field is you need an interest Interest to an extent whereby you're asking yourself a question The thing I'm going to be interested in is it's something that can add value to my life And then it's from there now Having developed an interest now you need to take a step whereby you're saying, okay I need to find how can I develop my interest by basically looking for a skill or knowledge or Searching for education on that. What is it that has given you interest on so to me? That is the foundation the foundation is interest. Yes, do you find forex trading to max the first question? Forex trading basically it's a very simple Given that the forex is just an abbreviation for foreign exchange Which it involves buying and selling of Currencies foreign currencies buying and selling of currencies and you make money in the process and you make money in the process All right there too I think there are the three forms of currencies that people Don't really relate to as currency and you told me one is gold Yes, one is gold and also you have got a u.s. Oil those are commodities and indices commodities and indices also which We usually which we usually Transact during the process of conducting the foreign exchange. All right. Yes forex trading has been made easy Now we don't have to sit in a hall As forex traders and check the the indices as you call them in the graphs and buy and sell you can do it from your phone It's and this is the agenda you guys pushing. Yes I think forex has been made easy to an extent where by now at your comfort as long as you have a smartphone and you're accessible to Internet You can learn forex and transact your business on the phone wherever you are at and that is how easy it has been made That is how easy it has just me somebody chilling me after we had the conversation last time and that person told me Say today God forbid. Yes, something happens in the UK. Something happens. Oh, the dollar is the Global currency. Yes. All right, so something happens in the u.s. The dollar is going to plummet for sure Because it's a piece of paper But they asked me this gold that we have in Africa this gold that they get from Africa Yes, is it the safest form of wealth to keep? This gold we have in Africa is it the safest form of wealth for us to keep You will realize one thing and this is a fact and we can't deny from it that even in as much as in Africa We have gold Who are the miners the foreigners? And so worldwide the the self having for gold in the world is in in Japan And so in as much as it will be taken here to the US to wherever They consider Japan as a safe haven so The world powers themselves Whether the gold is in Africa is in Europe is where they will know that this is a precious thing and they will have to Protect it with all their might. Yes, so it's safe to trade it. It's safe to trade it Very safe. It's an old-age Trade exchange that has been there even during the days of butter trade You remember those days and it is one of the key things or commodities that has forever remained valuable Valuable all right to this point in time. Wonderful. So maybe you can list for us the the currencies We are still in previously on yes, the currencies that are listed as The the tradable ones for lack of better words. Okay good. I'll start there Common one which all of us we know we have got the US dollar We have got the New Zealand dollar With the Australian dollar you have got the Japanese yen. We have got the British pound You have got the South African run You also have got the Those are how many how many of those I think six we The euro is as well. The euro is there as well The CHF the Swiss Frank. Yes. All right. So in Africa. We only have the South African right the South African run All right, which exchange it exchanges to the shilling at what rate right now? Maybe when you guys woke up What was the exchange rate of the South African run? Yeah, you will realize that every other exchange rate for in our market Is we do pay us you do not just sell Accurrency on its own we pair it with another like for example today We are on on on a currency pair of GBP USD that is great British pound and the US dollars So looking at the figures you will realize now right now is that one point two four one point two four You headed to one point two three because of what is happening today. I think there is election So again if Boris comes in definitely For the traders who are going bearish that they are in business for those who are going bullish bad for them why It sounds like First let's start with comparing GBP the Great Britain pound is and the dollar when you say comparing the two what does this mean in a layman language? Okay, good. You see when you are trading currencies currencies are usually paired Okay, like he mentioned GBP USD the first currency is usually known as the base currency Which means you are selling it against it against the other or you're buying buying it against the other So GBP is the base one while USD is the quote currency what you are pairing it against Getting it. I'm with you up to that point So when he mentions that Right now actually when we are looking at the price for that pair the GBP USD It's at point one point two four when I mentioned that it's going towards point one point two three So from one point two four to one point two three it means it's going down So when he mentioned that the bearish are having are having their wow moment It means bearish are simply sellers. So people were out selling GBP USD they're having a wow moment Well, if they if you didn't do your analysis correct, and you're buying that type of a currency pair That's what he mentioned there are cranks. All right. You mentioned that we have elections in the UK Yes, all right. So these are some of the factors that affect The market yes elections. Yes, what are the things affect the market? You will realize that we are dealing with four major market sessions and that is we have the New York We have the London. We have the Tokyo and we have the Sydney sessions And so these markets are majorly affected by the world powers and one of the key things of the the effects I think last week on Friday there was this Drone that was shut down again. It affected the US dollar. So again There are factors when we have issues wrangled in the in the Middle East to do with oil issues When our our our friend who is also a fellow trader like us Trump When he talks that effect when he treats when he treats that effect So you will realize that while world powers are the guys who really to to an extent affect and especially when we have like Market movers and especially when we have economic forums all over the world taking place Whatever results or whatever conclusions or summary they come up with in one or another They will affect the various major so you have to be very observant with the world powers true with the markets that matter Yes, all right So when you when you mentioned Middle East when it comes to oil. Yes, do we look at South Africa when it comes to go? South Africa when it comes to gold. I think When it comes to gold, we are basically looking at where the market is and You will realize that South Africa is just but an industry that produces gold. You will produce But where is the market? So the market movers are key not the producers to that extent because that is one key I believe in when it comes to forex trading. So you will realize that South Africa. Yes, it will produce gold But at the end of the day, who are the guys who give it value at this market movers And so the guys who give it value are the major powers very important. Yes last time you also mentioned that All you need is basic arithmetic skills to be a forex trader We do you don't need to have a suit like Like Please break this down for me. Do you think that Mama Mboga somewhere or that shopkeeper who was basic education Maybe class 4 level or class 8 level can be a forex trader exactly Given the fact that being a forex trader does not mean that you will be trading all the time given that As my colleague has just mentioned we have got different trading sessions. Okay, and For instance as some mama Mboga for example, we find that he or she usually has got moments Where there is traffic towards his business and there are also those moments when He's more she's more of relaxed something of a sort so she can be taking advantage of that given that the only thing that You require is only a smartphone and given that nowadays Smartphones are easily accessible with your data bundles So when there is no traffic actually you can be using those moments to trade making a few bucks from it All right, like the most important thing is also the information the information How can they get this information on trading and how to treat? I think on trading and how to trade and that's why we we coming in and we are telling people Acquiring a skill that will pay you for the rest of your life is key and that's why we we we have an academy that has Put this information in a very basic simple form like you have just said any so long as you're a class for liver We always give them a very basic minimum requirement for you to be part of this academy. Are you a class for liver? Are you all or let's let's not say a class for liver? Let's say are you a class for graduate class for graduate? Yes, did you graduate from class for if you graduated from class for then this academy suits you The information there is part and parcel of this academy is so basic in a very simple way And I always give people a very simple example if and when you can spend time Just to watch cartoons or to watch a movie for more videos on Facebook Or Instagram or Instagram for more than 15 minutes and then this academy suits you because it has been put in an audio visual form Because again the founders of this academy realize that if I give a mamboga or someone who is so busy Not to read definitely they will not do that But they can listen to something and in the process of listening to something then they are able to Grasp the knowledge instead of me listening to some crap Sorry to say that on Facebook or whichever a social doesn't add value That doesn't add value. I can listen to something that adds value to me And so that is why now the makers or the founders of the academy had to go that way. All right. Yes Say 40 million Kenyans, we have 40 million Kenyans. Yes, maybe up to 20 million a minors. Yes, so imagine 20 million Kenyans trading forex Is that sustainable 40 million My brother I'm talking about five point three trillion US dollars per day Yes, it has been updated to six point one trillion the other day. Yes. So float. Yes I want you to again check the same mathematics. Just divide it by those 20 million Kenyans give every Give every Kenyan a million How much have we even touched scratched the market? We have not gotten into a trillion Even all of us even if you say all of us the 40 millions of us Kenyans we go into trading We will not even have scratched a percentage of what the market So all of us can get into this and our extra time can be turned into something true This wages this wave is catching Is catching Africa? Yes being abroad for a while. Yes. I've been trading in America in England People have been trading discussion in Africa. Do you think Kenya is a leader as we speak when it comes to foreign forex trading? Okay, at the moment I'll say Kenyans right now from my water above I've observed at least the guys are getting to know what forex is and Given that information cut is now easily accessible. I've seen There is the there is that increment of the guys who are now participating in the forex industry, but statistics wise South Africans are still Ahead of us, but Kenyans were coming Kenyans were coming given that now at least people are able not to get the right information concerning forex and information is they didn't have back before and with the notion that guys thought that this business only meant for the Certain category of people they lead but now given that they know, ah, this is something that I can easily tap into it as a matter with them for for my class for graduates and because of sort There is a nice response Statistics say we have an unemployment rate of up to 40% from normal. Yes. Yes Do you think this 40% have a place here? It can solve this problem of ours of unemployment Is it something somebody can do full-time? I think I think That 40% can reduce if and when we diligently Like I said have an interest in doing something that can ever leave it poverty You're looking at it and you're saying one of the key things I remember even last time I said is Kenya we have what it takes to be on the top The only thing we need to appreciate is the process if all of us all all of us We will just go back to the process and the process that requires me to get out of this lack of employment is There is there is something here that needs my skill to so that I can Propagate it or be part and parcel of it Then if and when we will embrace that our technology is far much better than SA Especially when it comes to issues as I don't know if they have a They have their copy of money But mobile money in Kenya moves everything people can now transact from right from their their house Get money from their account bank account Steamer yes That is enough for us to move and get out of this lack of employment rat by embracing forex trading You can trade on your phone. You can get paid on your phone. You can The fact that we are out here It doesn't mean that I don't have time to sit in my house and do that. I can do everything Transaction wise everything in my house. I'll trade in my house I'll with the draw that money in my house through MPSR technology and so to me a mama I like this very much because it's very it's a very progressive conversation And when we talk about Forex trading is the government supporting this Forex trading industry, let me call it an industry Do you think there's enough support from the government and the government is doing what needs to be done or they can improve it? Yes for now there is there is there is I can say much improved support from the government Because now you will realize that Before then we we didn't have a formal local Forex broker But right now with the support and the the required legislation that were put in place last year It is after those legislation that came into place that now the government was able out now to give License to a broker. So we have a broker in town who has finished one year and two months ago again Another online Forex broker was also licensed So to me that is a show of growth and show of support from the government side At the same time again the various tax clinics We are we have been in with the government to just again give us the assurance that in as much as we are doing the online business as Online Forex Brokers this is what will be required of you in terms of paying our tax and so to me that is a Step forward and again There is a whole department with the capital market authority now in charge of online Forex trading So to me that is enough support from the government wonderful Yes, right after we had the conversation. I went to to preach the gospel. Yes, I went to be a fisher of men And then This is what I got my head hats when I was doing the explaining so many heads were hurting So we have the issue of laziness Kenyans will have Facebook, but will employ somebody to run it for them. We have seen celebrities do that Kenyans will have Instagram will have somebody to run it for them What do you tell that person who says all right? I can get you to this, but can I find somebody to trade for me? Okay My colleague had mentioned about The Academy that we currently have and you'll find the tools that we have in the Academy are so much powerful We it doesn't require you actually to be Monitoring your charts full-time. Even if you've got a tight schedule Remember, we've got also doctors in place who are trading Forex and you understand how a doctor schedule is, right? Yes Someone who just wake up in the morning has to go to the ward rounds attend to the patients Sometimes they don't even get to sleep. We're not going to be you know, there's an image here So we have got tools in place if you can learn how to use those tools Placing or you just have to place your trades and you continue the normal Routine of your that you have so the best ways is always to trade yourself exactly Treat yourself don't get somebody's exactly and the information. It's also mind-jogging to always Engage your mind into into into digits and everything. Yes, you jog your mind true That's how you guys look young and fresh All right, I like this Information information information. I'm pro information. Yes. How can people get to get more information directly? Some people like it personal. Yes, some people don't like To watch clips or animated graphics. Some people like that personal touch of it. Is it something you guys do? Yes, that is what we are doing That's why we we are saying it's just not a matter of you being part and parcel of the academy It is a matter of you. Yes coming on board and learning from the online platform But at the same time we avail ourselves to make sure that we are there to tutor you on one-on-one and Mentor you because again, we we we appreciate the fact that we need to work with you Because I'm not just bringing you on board and then say I've given you powers to read and do whatever you want And you go your way, you know ours is we have realized that Yes, we have had any many other forex trading Academies around but one of the key things we realize that was a weakness is you just train me and you leave me to the world But now what we are basically telling people hey here. We want to have that one-on-one with you Because forex industry is not easy. It's a process. It's not something you just come in and get rich I always say it's not a get rich kick-skim. It is something you need to take your time It is something you need a mentor if you have never had that accountability partner That is the time you need to have someone who will tell you hey My brother, this is how you need to do it or this is how you need to go Or please watch out your account or these are what is happening. So that one-on-one touch is what now We are bringing on board. Yes. All right. So it's like Amy at the Buying and selling business. Yes, you have to be patient. Yes, your stock has to move slow we shall have a term that in fact In forex, it's your patience. That's going to pay you how to be patient space Glacier saying patient space applies here the people formulated anticipated this I Like this. All right. So another thing about Kenyans is success stories Yes, when they see success stories they stream in in abundance So all they want is one success story and say wow if this person could do this How can I do this? Is this something you're also selling because as much as you want people to jump on board Yes, it has to be it has to be convincing So is this something you're pushing for success stories of Forex trading? Yes, I Have a friend of mine and He's 25 years of age and the last week actually last week is when He got to share with me his story. I never I never inquired so much about his life So that last week he opened up to me and whatever he shared with me was mind-blowing Because I didn't know actually that he was coming from that type of a setup The boy used to be a street boy Sorry to say so after he lost both of his parents. He found himself on the streets Only to be rescued by a certain mom who adopted him as a Son and the mother brought him up and given that also the mother was not coming from a Well Set up community service. She's just compassionate. She was a compassionate But now it reached at a point where by the guy was supposed to join college And when the mother looked at the amount of money that she was actually supposed to spend for this boy to go to college Was a lot of money and she didn't know actually how she's gonna raise this money But fortunately enough the mother got to know about Forex trading and what she decided was to enroll the boy To the Forex trading business right now one year down the line the guy is doing marvelous And last week to be precise. He did profits of 20,000 US dollars That's two million shillings and I asked him one question Why the passion and he told me the reason why he's doing all this is because of his mother Who found him on the streets and right now he's able to achieve whatever you see and introduce him Yes, exactly. Exactly. As a by the way And this has worked out for this has worked out for him and to me That's a massive achievement. That's a that's a huge job. That's a huge story Right there white paper for him on Twitter white paper for underscore channel on Instagram Right by form Facebook if you have any questions on Forex trading or matters for extremely send them our way Hashtag is why in the morning hashtag is entrepreneurship Tuesday. We have amazing gentlemen right here to answer your questions So another thing I got really grilled last time for not taking people through the steps of Getting into it until sir. You can trade and and and compare the way you guys said so you have the interest Yes, you have gone to you have gone and gotten the knowledge that you need Yes, what is the next step? How do you trade now? What is the platform? What is okay? You have the interest you have gotten the skills now What now needs for you to do is to now open a live trading account with a registered broker Mm-hmm and in our case here. We have a local registered broker So you need to open a live opening a live account with a local registered broker is free Even the offshore ones is free, but my advice personally always say go for the local broker Because it's basically free. So it is from there now. You are able now to do your capital is like for example I have identified this is where I want to do my business form. So it is from there now I need to pay the rent of that place and then stock it. All right. Yes So it is from there. I mean business. So basically now you open a live trading account What Kenyans do is they should circuit the system. They quickly jump to open a live trading account That's why they will come with horror stories and telling me me the issues of forex I don't want so when you ask him tell me just slowly by slowly Why is it that you don't love Forex? He's like no, I open a live account and my money blew But I ask him did you first of all went through the process of learning? No, so we will rather Encourage and and I like what the brokers who are coming on board and I think I think it's a commitment They have or it's a requirement the government is requiring from them to train people And we were talking with a friend of ours from the from from the the European Union and They're saying the laws there are so strict That there is no broker who will just bring you on board for the sake of just you want to trade you need to show Show show course basically means do you have the knowledge of of what you are entering into? And so it is one of the key things. That's why we are coming on board and we are telling people Yes, this is a lucrative industry. It's an industry that indeed will pay you and pay you good But learn how to go about it. And so the moment you do that then you have a Broker for you who now acts as your intermediate between you and the markets So all these people asking questions. What is the name of the app? What they should follow the steps learn? Yes, exactly. But before you even ask for the name of the up Exactly don't even ask We have just come to the studio and I think one of your guys told us another up that really swindled him So you say a friend it's because you you should circuit the the system. Yes follow the steps Yes, you see as simple as a learn from the account later as simple as that Learn from your account later like any other industry before you build a road go to engineering school. Yes Thank you very much guys How can they get to contact you? Your contacts social media to maybe four numbs your camera is number four Okay, how to go to contact us on on Facebook is learning you Magomia. That is a very good name And it's a long one. So if you get in another Lenin, you just know it's Lenin you Magomia That is on Facebook and then my mobile number is zero seven two zero seven six five eight nine seven Thank you very much. Oh, yes. Okay. Good. I'm a week leave seven if you go to Social media Facebook come my week leave seven if you go to Instagram That's weekly sales go to Twitter weekly seven and you can get in touch with me through zero seven one one eight seven three eight seven zero I'm a come out gonna as wellie I'm a leaky Sabah Nani sabah tattoo Nani sabah Thank you very much. I know you guys Filled with wisdom your last remarks was a wisdom to the people watching you right now My last remark will be I will quote the great Chinua chebe He once said that when you invite The villagers to your house is not that they are starving. It's just that you want to share love and The warmth of your house. So it's the same thing we are doing to Kenyans We are not here in the business or someone will ask Why are you sharing this? Why can't you just be with it and let it profit you? Our main aim is just to share this concept Which has changed our lives our families and our friends to the various Kenyans We have interacted with so it's the same thing. We are doing today We just want to echo those words as we share this. We are not sharing because you are starving We are sharing because there is a concept that is the revolutionary The world at this point in time and we have an opportunity as a country with To move this economy forward and again Count yourself that when the history of Forex is going to be written in this nation We want to be part and parcel of it be part and parcel of it bring the foreign exchange Your last remarks. Okay. My last remarks and this is something that really motivated me to Jump into Forex trading because number one. I usually ask myself if And this is something also that I would want to post to the youths and Outside there Whatever that you are currently doing can you ask yourself one thing? Does it make you happy? Number two, this is something that grows you something that develops you and then number three Is this something that puts money into your pocket? Because those are some of those are the three things which I usually look at before I jump into something and Last but not least and this is usually like an assurance that assurance statement that normally say one day You'll appreciate yourself for taking part in the forex trading industry. This thing is a revolution And it's an idea which it's time is now and you will appreciate yourself This is the time Yes, and you know what they say about it an idea whose time has come Forex trading is here in the we're living in the information age as I said take part in this Opportunity might lie in this and don't sit there and say There's no jobs yesterday. I had a conversation on radio about guys with PhDs were told to start small Yes, this is a place you can start small and build yourself True true wonderful. Thank you very very much guys for coming through the second time I'm looking forward to having at least Queens sometimes Yes, we have Queens of Forex and We they are willing to come and be part of this show So we will bring them on board because again, it's not a man show alone. We have also ladies mamas who have have actually from our team Success rate of ladies is 80% Yes from our team because I hear they use their brains more than yes Success rate from our Ladies in our team is 80% that's why we are really trying to push the boy There was a certain conversation which we are having There are some of our friends that this is one thing that he mentioned that ladies when it comes to Analysis the reason when they are beating us men They are very they tend to be so much accurate when it comes to accuracy The accuracy and analysis of the products market and now it's not a surprise I mentioned in that the 80% of the success rate of It even translates to how they select Thank you This and it's all about forex trading get more information they shared the social media handles You can get more information about this thing and it is the future for a fact Let's reduce the unemployment rate in this country Let's put money in the pockets of the youth and the powers in our hands I would go by the name of by Moses or it's very one every social media platform Alex is coming up next with another powerful interview. So don't want to write don't take that out